Global Net Lease, Inc. (GNL) Rating Increased to Hold at BidaskClub

Global Net Lease, Inc. (NYSE:GNL) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

Several other research firms have also recently commented on GNL. FBR & Co restated a “hold” rating on shares of Global Net Lease in a research note on Tuesday, May 23rd. Zacks Investment Research cut shares of Global Net Lease from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 10th.

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Global Net Lease (NYSE:GNL) traded down 1.19% during mid-day trading on Thursday, hitting $21.62. 363,771 shares of the stock were exchanged. The company has a 50-day moving average price of $22.44 and a 200-day moving average price of $17.30. Global Net Lease has a one year low of $6.92 and a one year high of $25.25. The company has a market cap of $1.43 billion, a P/E ratio of 27.06 and a beta of 0.69.

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, July 7th will be paid a $0.1775 dividend. This represents a $2.13 annualized dividend and a dividend yield of 9.85%. The ex-dividend date of this dividend is Wednesday, July 5th. Global Net Lease’s dividend payout ratio (DPR) is 266.23%.

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Hedge funds have recently made changes to their positions in the stock. UBS Asset Management Americas Inc. boosted its stake in shares of Global Net Lease by 57.4% in the first quarter. UBS Asset Management Americas Inc. now owns 104,010 shares of the financial services provider’s stock valued at $2,505,000 after buying an additional 37,942 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Global Net Lease by 218.8% in the first quarter. BNP Paribas Arbitrage SA now owns 21,858 shares of the financial services provider’s stock valued at $526,000 after buying an additional 15,001 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Global Net Lease by 55.7% in the first quarter. Russell Investments Group Ltd. now owns 56,753 shares of the financial services provider’s stock valued at $1,367,000 after buying an additional 20,305 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Global Net Lease during the first quarter valued at approximately $157,000. Finally, ProShare Advisors LLC boosted its stake in shares of Global Net Lease by 99.9% in the first quarter. ProShare Advisors LLC now owns 54,775 shares of the financial services provider’s stock valued at $186,000 after buying an additional 27,367 shares during the period. Hedge funds and other institutional investors own 40.79% of the company’s stock.

Global Net Lease Company Profile

Global Net Lease, Inc is a real estate investment trust. The Company’s business consists of owning, managing, operating, leasing, acquiring, investing in and disposing of real estate assets. It owns and invests in commercial properties principally in the United States, the United Kingdom and continental Europe that are then leased to companies.